Roper Technologies (NYSE:ROP) Issues Q3 Earnings Guidance

Roper Technologies (NYSE:ROP) issued an update on its third quarter earnings guidance on Wednesday morning. The company provided EPS guidance of $4.50-4.54 for the period, compared to the consensus EPS estimate of $4.62. Roper Technologies also updated its FY 2024 guidance to 18.100-18.250 EPS.

Roper Technologies Trading Up 2.4 %

Shares of NYSE:ROP traded up $12.66 during mid-day trading on Thursday, reaching $544.63. 384,577 shares of the company’s stock were exchanged, compared to its average volume of 519,153. The firm has a market capitalization of $58.30 billion, a price-to-earnings ratio of 39.63, a PEG ratio of 3.01 and a beta of 1.02. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.45 and a current ratio of 0.49. Roper Technologies has a twelve month low of $474.46 and a twelve month high of $579.10. The business’s fifty day moving average price is $553.54 and its 200-day moving average price is $545.33.

Roper Technologies (NYSE:ROP) last announced its quarterly earnings data on Friday, April 26th. The industrial products company reported $4.41 earnings per share for the quarter, beating the consensus estimate of $4.34 by $0.07. Roper Technologies had a net margin of 23.21% and a return on equity of 10.75%. The firm had revenue of $1.68 billion for the quarter, compared to analyst estimates of $1.65 billion. During the same quarter in the prior year, the business earned $3.90 earnings per share. The business’s quarterly revenue was up 14.4% compared to the same quarter last year. On average, research analysts predict that Roper Technologies will post 18.17 EPS for the current fiscal year.

Roper Technologies Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, July 22nd. Stockholders of record on Monday, July 8th were given a dividend of $0.75 per share. This represents a $3.00 annualized dividend and a dividend yield of 0.55%. The ex-dividend date of this dividend was Monday, July 8th. Roper Technologies’s payout ratio is presently 21.77%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. Royal Bank of Canada decreased their target price on shares of Roper Technologies from $685.00 to $674.00 and set an outperform rating for the company in a research report on Thursday. Oppenheimer decreased their target price on shares of Roper Technologies from $650.00 to $630.00 and set an outperform rating for the company in a research report on Thursday. Robert W. Baird raised shares of Roper Technologies from a neutral rating to an outperform rating and boosted their target price for the stock from $617.00 to $635.00 in a research report on Thursday. Wolfe Research downgraded shares of Roper Technologies from an outperform rating to a peer perform rating in a research report on Thursday, June 13th. Finally, Mizuho upped their price objective on shares of Roper Technologies from $525.00 to $530.00 and gave the stock a neutral rating in a research report on Monday, April 29th. Four equities research analysts have rated the stock with a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Roper Technologies has an average rating of Moderate Buy and a consensus price target of $604.33.

Insiders Place Their Bets

In other Roper Technologies news, Director Christopher Wright sold 300 shares of the firm’s stock in a transaction on Friday, June 7th. The shares were sold at an average price of $554.67, for a total value of $166,401.00. Following the sale, the director now owns 35,247 shares of the company’s stock, valued at approximately $19,550,453.49. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, Director Christopher Wright sold 300 shares of Roper Technologies stock in a transaction dated Friday, June 7th. The shares were sold at an average price of $554.67, for a total transaction of $166,401.00. Following the sale, the director now owns 35,247 shares of the company’s stock, valued at approximately $19,550,453.49. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Jason Conley sold 3,500 shares of Roper Technologies stock in a transaction dated Thursday, June 20th. The shares were sold at an average price of $563.02, for a total transaction of $1,970,570.00. Following the sale, the chief financial officer now directly owns 33,685 shares in the company, valued at approximately $18,965,328.70. The disclosure for this sale can be found here. Insiders own 0.87% of the company’s stock.

Roper Technologies Company Profile

Roper Technologies, Inc designs and develops software, and technology enabled products and solutions. It operates through three segments: Application Software, Network Software, and Technology Enabled Products. The Application Software segment offers management, campus solutions, diagnostic and laboratory information management, enterprise software and information solutions, transportation management, financial and compliance management, and cloud-based financial analytics and performance management software; cloud-based software to the property and casualty insurance industry; and software, services, and technologies for foodservice operations.